Region
Primavera targets onshore China deals
Primavera Capital Group has established a fund under China's Qualified Foreign Limited Partnership (QFLP) regime, underlining interest in onshore investments among managers with US dollar-denominated pools of capital.
Ribbit, Tiger Global, TVS commit $100m to India's PhonePe
Ribbit Capital, Tiger Global Management, and TVS Capital Funds have committed USD 100m to Indian digital payments platform PhonePe, joining an ever-lengthening investor roster.
Singapore to top-up SME co-investment programme
Singapore has earmarked an additional SGD 150m (USD 112m) for a co-investment fund that will invest in small and medium-sized enterprises (SMEs) as part of efforts to help local companies scale and become globally competitive.
Eight Roads builds out China team
Eight Roads Ventures has added three partners to its China team through promotion, bringing the total number in the country to 10.
Australia's Loam Bio raises $73m Series B
Loam Bio, an Australia-based agricultural technology start-up that uses microbes to sequester carbon in farm soils, has received AUD 105m (USD 73m) in Series B funding.
AVCJ Awards 2022: Operational Value-add: Owndays
L Catterton’s investment in Japanese eyewear brand Owndays demonstrated a hands-on approach to sharing commercial networks, expertise in omnichannel scaling, and operating capabilities
China medical device manufacturer gets Series D backing
China-based medical device manufacturer Hygea Medical Technology has raised more than CNY 100m (USD 15m) in Series D funding led by healthcare-focused In Capital.
L Catterton makes second China pet food investment
L Catterton has made its second China pet food investment in 12 months with a commitment of undisclosed size to Partner Pet, a leading domestic player in the premium freeze-dried pet food space.
Alibaba-backed eWTP pursues $1bn in VC fundraise
EWTP Arabia Capital, an investment arm of the Electronic World Trade Platform (eWTP) backed by Alibaba Group and Saudi Arabia’s Public Investment Fund, has raised nearly USD 1bn for an Asia-Middle East fund.
Goldman Sachs, TVS lead $150m round for India's InsuranceDekho
Goldman Sachs and TVS Capital Funds have led a USD 150m Series A round for India’s InsuranceDekho, an online insurance policy comparison and brokerage service.
Singapore's Aspire closes Series C on $100m
Singapore-based B2B banking platform Aspire has closed an oversubscribed Series C round with USD 100m in commitments. Lightspeed Venture Partners and Sequoia Capital Southeast Asia took the lead.
Deal focus: Zypp aims for the EV fast lane
Zypp Electric’s USD 25m Series B comes on the back of a business model pivot, a pandemic-driven boom, and a tie-up with its lead investor to put swappable batteries into its two-wheelers
Deal focus: Taking electrification to China's skies
TCab Tech has won USD 15m in funding to bankroll its electric-powered alternative to helicopters. The path to market might be relatively short, but the wait for revenue will be longer
Portfolio: KKR and NVC China
KKR is targeting the short-video generation in the traditionally middle-aged world of home lighting fixtures with NVC China. But that hasn’t stopped the brick-and-mortar footprint from mushrooming
Grand Flight leads $15m round for China urban air mobility player
Shanghai-based TCab Tech has raised CNY 100m (USD 14.7m) in a pre-Series A round led by Grand Flight, an industrial investment fund mainly initiated by Far East Horizon.
Deal focus: Adamantem extends Retail Zoo's PE story
Adamantem Capital bought Retail Zoo from Bain Capital with a view to continuing the rollout in Australia and overseas while potentially picking up more food and beverage brands
Value in adversity: Australia's operational challenge
With Australia poised for a rarely-seen period of economic difficulty, the operational capabilities developed by domestic private equity firms will be put to the test
AVCJ Awards 2022: Fundraising of the Year – Venture Capital: Qiming Venture Partners
Qiming Venture Partners defied tough conditions to close its eighth US dollar-denominated fund on USD 2.5bn. Managing Partner Nisa Leung looks back on the process and examines the prospects for healthcare
Australia's Fortitude adds two partners
Australia-based Fortitude Investment Partners, formerly the growth capital investment business of listed alternatives manager Blue Sky, has promoted Bryan Brown and Sam O’Connor to partner.
Indian drone start-up Garuda Aerospace raises $22m
Recently established Indian VC firm SphitiCap has led a USD 22m Series A round for Garuda Aerospace, a local industrial drone maker and related services provider.
Temasek's Fullerton recruits ex-Asia head of Eurazeo
Eddie Chen, formerly head of Asia at Europe-headquartered investment firm Eurazeo, has joined Temasek Holdings-owned Fullerton Fund Management as a managing director.
Novo Tellus seeks $375m for third industrial tech fund
Novo Tellus Capital Partners, a Singapore-based private equity firm that invests in industrial technology assets across the Indo-Pacific region, has set a target of USD 375m for its third fund.
AVCJ Awards 2022: Exit of the Year – Mid Cap: Probe CX
Five V Capital identified an opportunity in Australia-based outsourced business services and brought in Quadrant Private Equity to help scale the concept. A USD 792m exit to KKR was their reward